US fiscal deterioration is increasingly becoming a key risk for global markets, with higher Treasury yields potentially putting pressure on equities and constraining the Federal Reserve's policy flexibility, Jefferies said in its latest research report.
The US debt of 40 trillion dollars is raising the global cost of money, putting pressure on Europe and Greece. Bonds, government borrowing, banks, businesses and households are facing the risk of prolonged higher interest rates
The economies of the G7 are facing their most severe financial pressure in decades, fueled by a surge in US debt, reaching a record Rp707,154 trillion.